Two Years Ago Today and Nothing Has Really Changed

I wondered back then if some people were above the law (spoiler alert - they seem to be)

According to Wikipedia …. about three weeks later he resigned.

”Stumpf stepped down as CEO and Chairman of the board on October 12, 2016.[19] In February 2018, Janet Yellen, on her last day as Chair of the Board of Governors of the Federal Reserve System (2014-2018), approved a strongly worded critical letter to Stumpf to emphasize his failures as Chair of Wells Fargo board of directors. The letter, signed by Michael Gibson, Director of the Division of Supervision and Regulation, cited Stumpf’s complicity in ignoring the bank’s poor risk management programs, and failure to initiate any serious investigation into its sales practices.

And since then donuts.

I guess he’s safe now - or does anyone know any different?

John Philpin @JohnPhilpin
Creative Commons License

**This article is licensed under a**

Creative Commons Attribution-NonCommercial 4.0 International License.
MARVY